S Korea central bank: more rate hikes needed but moves should factor in growth -minutes

14/6/2022 10:38:00 AM

S Korea central bank: more rate hikes needed but moves should factor in growth -minutes

S Korea central bank: more rate hikes needed but moves should factor in growth -minutes

SEOUL : A majority of the Bank of Korea's board members think the priority should be quelling inflation but that the pace of further rate hikes should be carefully managed to minimize the impact on economic growth, minutes showed.'Although stronger inflation will continue for the time being, the pace of f

SEOUL : A majority of the Bank of Korea's board members think the priority should be quelling inflation but that the pace of further rate hikes should be carefully managed to minimize the impact on economic growth, minutes showed."Although stronger inflation will continue for the time being, the pace of future interest rate hikes should be carefully managed to minimize its negative impact on growth as global demand has already begun slowing," one board member said, according to the minutes of May 26 rate decision meeting.

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North Korea fires multiple artillery shots, South Korea saysSEOUL — North Korea on Sunday (June 12) fired multiple artillery shots between 8.07am and 11.03am local time, South Korea's military said, in another show of force a day after leader Kim Jong-un vowed to boost the reclusive nation's military power. The Joint Chiefs of Staff gave no other details but added it had decided to issue a statement late...

North Korea fires multiple artillery shots, South Korea saysSEOUL: North Korea on Sunday (Jun 12) fired multiple artillery shots between 8:07am and 11.03am local time, South Korea's military said, in another show of force a day after leader Kim Jong Un vowed to boost the rec Paper tiger Pls. No more we have enough y can't u all leave in peace

North Korea appears to have fired artillery shots, says South Korea

S Korea Finance Minister affirms pledge to keep markets stableSEOUL : South Korea's finance minister affirmed on Tuesday his pledge to keep the financial markets stable while the ministry said he held a meeting with the central bank chief to discuss the current market situation.Minister Choo Kyung-ho convened an unscheduled internal meeting of senior officials and t

Untenable strike in South Korea: Statesmanstraits_times Some countries do hate when poor workers ask for a decent salary? This editorial note is disgusting…. puting the blame on these truck drivers.

LinkedIn SEOUL : A majority of the Bank of Korea's board members think the priority should be quelling inflation but that the pace of further rate hikes should be carefully managed to minimize the impact on economic growth, minutes showed.Copy to clipboard https://str.June 13, 2022 published at 2:55 AM A North Korea flag flutters next to concertina wire at the North Korean embassy in Kuala Lumpur, Malaysia on March 9, 2017.vowed to boost the reclusive nation's military power .

"Although stronger inflation will continue for the time being, the pace of future interest rate hikes should be carefully managed to minimize its negative impact on growth as global demand has already begun slowing," one board member said, according to the minutes of May 26 rate decision meeting. The Bank of Korea on May 26 raised its benchmark policy rate by a quarter of a percentage point to 1. Blinken told reporters following a meeting with South Korean Foreign Minister Park Jin the United States remained open to dialogue with North Korea but Pyongyang had ignored the calls and instead tested missiles and made preparations to resume nuclear testing for the first time since 2017.75 per cent, the highest since mid-2019, delivering back-to-back interest rate hikes to wrestle consumer inflation down from 13-year highs.03am local time, South Korea's military said, in another show of force a day after leader Kim Jong-un vowed to boost the reclusive nation's military power. Source: Reuters . Park said any provocations by North Korea, including a nuclear test, would be met with a united and firm response and urged China to use its influence.